Monarch denies financial crisis rumours

Monarch Airlines has been forced to deny "negative speculation" that the firm is in financial trouble

Monarch Airlines says its flights are operating as normal amid fears the firm is in financial trouble.

The airline says it is "trading well" after speculation that the company could go bust.

Forced to respond to rumours

Responding to rumours on Twitter, Monarch denies the firm is in trouble as worried customers continue to take to social media to ask if their flights would still be running.

In a stock response, a staff member said: "We're unsure of where these rumours originated but we can confirm they are not true."

A representative for Monarch Airlines says the company expected to make £40 million before tax and other cost deductions by the end of the financial year to October, despite what it said was a "difficult period" for the travel industry following terrorist atrocities, Brexit and the plunging pound.

A spokesman said: "Over the weekend, there has been negative speculation about Monarch's financial health.